LMA - Climate Risk Working group

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Climate Risk Working Group

The Climate Risk Working Group plays a key role in supporting the Lloyd’s market in navigating the evolving landscape of climate-related risks. Reporting to the LMA Sustainability Committee, this group focuses on the risks associated with climate transition and the regulatory developments around climate risk management and disclosure, ensuring the market is well-equipped to adapt to a rapidly changing risk environment.

Through these initiatives, the Climate Risk Working Group, in collaboration with the LMA Sustainability Committee, helps to shape industry best practices and support the Lloyd’s market in managing the risks presented by climate change.

Committees » Risk

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Alex Koukoudis

Senior Executive, Finance and Risk

Committee secretary

Key issues covered

Transition risks

Assessing the impact of technological advancements and industry shifts on risk exposure. This includes evaluating how changes such as new fuel sources and building materials affect insurance wordings, reserving, and capital models.

Litigation risk

Collaborating with the LMA’s Environmental and Climate Litigation Committee (ECLIC) and Lloyd’s to translate horizon-scanning insights shared into risk exposure assessments. This ensures the market is prepared for emerging climate-related litigation trends and potential liabilities.

Regulatory developments

Enhancing market awareness of upcoming climate regulatory and disclosure requirements, while developing best practice frameworks for climate scenario analysis, reporting, and disclosures.

Committee insights

Risk and Sustainability Quarterly Update

Replay – UK Sustainability Reporting Standards & Transition Plan Implementation Routes Consultations

Environmental and Climate Change Litigation newsletter, August 2025

Upcoming events

For events hosted online, joining instructions will be emailed to all registered attendees closer to the date of the event no later than 24 hours prior to commencement.

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Empower: Women’s Mentoring

The LMA is delighted to partner with the Ethnic Women in Insurance Network for a fast-paced mentoring session where women will meet several mentor role models from different professions.

Inside the Spider: Outpacing Scattered Spider with Adversarial Pressure

In early 2025, the Scattered Spider threat group demonstrated just how effective modern identity-led adversaries have become. Fast-moving, patient and operationally mature, they exploited gaps between people, technology and process long before most organisations realised they were being targeted.

Emerging Professionals Claims Community Winter Quiz Night

The Emerging Professionals Claims Community (EPCC) invites you to its Winter Quiz Night.